PayPal Betting Sites in Canada

PayPal is considered to be one of the most popular eWallets worldwide. This electronic payment service can be used in many different parts of the world, including Canada. If you’re from Canada and you wish to deposit or withdraw funds from your online betting account, PayPal will be available to you.

In this review, we will explore the ins and outs of PayPal, tell you how and where you can use it, what fees to expect, and more. Read on!

The Best PayPal Betting Sites

Expert Rating
Highlights
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22Bet Review
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What Is PayPal?

PayPal is one of the most well known online payment system providers in the world. It was established in December 1998 with headquarters located in California, USA.

To this day, PayPal has remained the most used electronic payment service of this kind, despite the fact that a lot of other eWallet competitors appeared in the last decade or so. PayPal offers fast online transactions and is widely accepted by online betting sites.

Why Use PayPal?

Apart from being practical and efficient, PayPal doesn’t require you to have a bank account to receive money. All you need is a valid email address and you can create a PayPal account.

One advantage that Canadians have over people from other countries is that this service includes no fees when you send money as a resident of Canada. On top of that, the service uses state-of-the-art encryption systems, so your transactions will always be safe.

How to Deposit Using PayPal?

In order to deposit funds to your betting account, you need to carefully read and follow these steps:

  1. Open a PayPal account and connect it to your bank account.
  2. Transfer funds from your bank into your PayPal account.
  3. Go to the betting site of your choice and log in to your existing account or sign up to create a new one.
  4. Navigate to your account page and select PayPal (if it’s available) as a payment method.
  5. Type in your PayPal email address and the amount of money that you wish to deposit.
  6. After you finish the depositing procedure on the betting site, your funds should be available almost instantly.

How to Withdraw Using PayPal?

The withdrawal process is also relatively easy. Follow these simple steps:

  1. Go to the “Cashier” section on your betting site.
  2. Choose PayPal as a withdrawal method.
  3. Type in the amount of money that you wish to withdraw.
  4. Confirm the withdrawal and wait for the money to get transferred.
  5. Go to your PayPal account and transfer the money to your bank account or credit card.

PayPal Online Betting Sites

Online casinos and betting sites understand that PayPal is the most popular eWallet around; therefore, many of them offer it as a payment option. Whether you’re playing on Canadian or foreign websites, the chances are that you will find this payment option.

Check our list to learn more about where you can bet as a Canadian while using PayPal.

Disadvantages of Using PayPal

Naturally, PayPal is not perfect and does have some disadvantages. The first issue is that you might have to wait up to five business days for the funds to get transferred from your PayPal account to your bank.

Also, you should expect some fees. While there are no fees when funding your account, there might be some small ones when you withdraw money. Your PayPal account can also be frozen if the service detects some large increments of money being withdrawn. Make sure to inform yourself of the deposit and withdrawal limits before opening an account.

PayPal Customer Support

If you have any question regarding the use of PayPal in Canada, it is best to direct them at the customer support team. Here is how you can reach them:

  • Contact form
  • Phone for Canada: 1844-888-3870

PayPal FAQ

How long does it take to receive money using PayPal?

On average, you will wait around 2 or 3 business days for the money to get transferred from your PayPal account to your bank. There might be a pending period from the betting site as well.

Does it cost more money if I make a large deposit?

Depositing money via PayPal in Canada is free when you send money from your linked bank account or PayPal account balance.

Can I use PayPal outside of Canada?

Yes. PayPal is available in many countries worldwide — not only in Canada.

Who benefits most from using PayPal?

PayPal is very beneficial to Canadians since sending money is free of charge.

Which banks is PayPal available through?

The majority of banks in Canada can be connected to your PayPal account. However, you should ask a bank clerk just to be sure.

Do I have to open an account with PayPal to use their services?

Yes, you need to have an existing account in order to use PayPal. However, opening an account is very simple — all you need is a valid email address.

Are transactions via PayPal protected?

Yes, you should feel safe while using PayPal. Both your funds and anonymity will be protected.

Can I reverse a transaction using PayPal?

If you made a wrong transaction, it is best to contact your bank or the customer support team of the betting site.